Newmont Mining News

Barrick Gold confirms talks of merger with Newmont

The Canadian gold giant confirmed it has reviewed the opportunity to merge with the US miner in an all-share deal.

Canadian regulator clears Newmont’s $10B merger with Goldcorp

The companies announced their planned all-share tie-up in January, just two weeks after the Barrick-Randgold merger was finalized.

Gold-stock mega-mergers bad

Combining major gold miners already struggling with slowing production doesn’t solve the problem, but only masks it for a single year.

Goldcorp expects higher production in 2019

The company has not yet released its 2018 full-year financials, but previously said it expects 2018 full-year AISC to be at $850 per oz. gold.

Newmont deal for Goldcorp erodes Canada's gold clout further

Canada’s influence on the global mining industry appears to be shrinking by the day.

Newmont grabs Goldcorp in $10B deal that creates world's top gold miner

Massive deal creates company that challenges rival Barrick as the world’s largest gold producer.

Barrick, Newmont said to be in talks to merge Nevada operations

Experts believe the US firm could achieve $300 million in operating and cost savings from combining its mines in Nevada with those of the Canadian rival.

Newmont profit falls, promotes COO to President

Falling gold and copper prices hurt the miner's results for the three months to Sep. 30.

Newmont to extend footprint in Colombia with Lyra gold project deal

The US miner will eventually have to invest a minimum of $3 million in Miranda Gold's Lyra project to be granted a 51% stake on it.

Workers protest at Newmont Ghana’s operation

The US-based miner, however, cannot directly negotiate wages and other benefits with its subcontractor’s employees.

Newmont sells stake in Yanacocha gold mine to Japan’s Sumitomo for $48 million

Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.

Newmont sells its royalty portfolio to Maverix Metals for $17 million, stake in the junior

Other than cash sum, the US miner is receiving 60 million Maverix common shares, representing a 28% stake in the Canadian company and warrants for an additional 10 million common shares.

Goldcorp says Peru and Nevada would make portfolio perfect

Goldcorp Inc. CEO David Garofalo says he’s happy with his company’s portfolio of assets, but that doesn’t mean he doesn’t have a wish list.

Newmont profit soars on higher gold prices, claims top bullion miner title

Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year.

New Responsible Mining Index highlights gaps in industry transparency and execution of policies

One of the main findings from the report disclosed transparency as the greatest factor keeping companies from maximizing their score.

Operations restarted at Newmont's gold mines in Ghana -spokesman

Operations were shut down on Saturday following an accident in which six construction workers were killed.

Barrick chairman Thornton boosts ownership with major share buy

The boss of the world's top gold miner has bought 306,000 additional shares in the company.

Barrick moves forward with plan to make every employee an owner

The gold miner’s employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares.

Barrick to hike gold output as Newmont gets too close to being world’s top producer

Miner is advancing a pipeline of projects expected to contribute more than 1 million ounces of annual production starting in 2021.

Barrick clings to top gold miner title as Newmont falls short

About 50,000 ounces — roughly 125 gold bars — is all that stands in the way of Newmont overtaking Barrick as world's No.1 bullion miner.

Copper, iron ore price jump sparks rally in mining stocks

Top listed copper producer Freeport jumped 7.4% and with Vale – up 6% – was among the NYSE's top 10 most actively traded stocks.

Newmont's cost-cutting, production plans: 'We've only just begun'

With seven greenfield projects Denver gold miner on track to increase global share of gold production to 5%.

Newmont raises output target for 2018, lowers expected costs

The world’s No.2 gold miner is also planning to boost dividend by at least 50% next year, based on balance sheet improvements and the performance of its gold mines.

Investors pile into Peru’s $2 billion Michiquillay copper project

Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20